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Business News

Okitipupa, Two Others Buoy NASD OTC Bourse by 0.82%

1740488284 NASD securities

Okitipupa Plc continued its positive run at the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday, March 4, 2025, joining others to help the bourse gain additional 0.82 per cent.

The company chalked up N23.60 during the trading session to settle at N259.60 per unit versus N236.00 per unit, Nipco Plc added N16.51 to close at N181.63 per share compared with the preceding day’s N165.12 per share, and Central Securities Clearing System (CSCS) Plc gained 35 Kobo to close at N23.39 per unit, in contrast to the N23.04 per unit it was transacted a day earlier.

On the flip side, the price of Geo Fluids Plc went down yesterday by 29 Kobo to quote at N2.91 per share compared with Monday’s closing price of N3.20 per share.

When the alternative stock exchange closed for the day, the NASD Unlisted Security Index (NSI) rose by 27.12 points to close at 3,338.32 points compared with the preceding session’s 3,311.20 points, and the market capitalization increased by N15.36 billion to N1.891 trillion from N1,875 trillion.

During yesterday’s session, the volume of securities transacted by investors slumped by 4.0 per cent to 571,155 units from the 595,005 units transacted in the previous trading day.

Also, the value of securities slid by 51.7 per cent to N8.6 million from N17.9 million, while the number of deals went up by 47.1 per cent to 25 deals from 17 deals recorded on Monday.

Impresit Bakolori Plc finished the trading day as the most active stock by volume on a year-to-date basis with 533.9 million units worth N520.9 million, followed by Industrial and General Insurance (IGI) Plc with 69.7 million units worth N23.6 million, and Afriland Properties Plc with 17.2 million units sold for N352.3 million.

In the same vein, Impresit Bakolori Plc was the most active stock by value on a year-to-date basis with a turnover of 533.9 million units worth N520.9 million, trailed by FrieslandCampina Wamco Nigeria Plc with the sale of 9.6 million units valued at N377.9 million, and Afriland Properties Plc with 17.2 million units sold for N352.3 million.